vs
Alphatec Holdings, Inc.（ATEC）与ZoomInfo Technologies Inc.（GTM）财务数据对比。点击上方公司名可切换其他公司
ZoomInfo Technologies Inc.的季度营收约是Alphatec Holdings, Inc.的1.5倍（$319.1M vs $212.9M），ZoomInfo Technologies Inc.净利率更高（10.9% vs -10.2%，领先21.1%），Alphatec Holdings, Inc.同比增速更快（20.4% vs 3.2%），ZoomInfo Technologies Inc.自由现金流更多（$127.1M vs $7.7M），过去两年Alphatec Holdings, Inc.的营收复合增速更高（24.0% vs 1.4%）
Alphatec Holdings是一家全球医疗科技企业，专注于研发、生产及销售脊柱外科手术相关的植入物、手术器械与数字化手术平台，服务骨科及神经外科医疗从业者，核心市场覆盖北美、欧洲及亚太主要区域。
ZoomInfo Technologies Inc.是美国合规注册的数据服务商，通过数据采集、网页抓取等多元渠道汇总公开及非公开个人数据，同时收集企业、部门等商业主体信息，面向企业客户提供相关数据产品，助力客户开展精准营销等业务活动。
ATEC vs GTM — 直观对比
营收规模更大
GTM
是对方的1.5倍
$212.9M
营收增速更快
ATEC
高出17.2%
3.2%
净利率更高
GTM
高出21.1%
-10.2%
自由现金流更多
GTM
多$119.4M
$7.7M
两年增速更快
ATEC
近两年复合增速
1.4%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $212.9M | $319.1M |
| 净利润 | $-21.7M | $34.7M |
| 毛利率 | 70.2% | 84.0% |
| 营业利润率 | -4.1% | 17.0% |
| 净利率 | -10.2% | 10.9% |
| 营收同比 | 20.4% | 3.2% |
| 净利润同比 | 34.8% | 137.7% |
| 每股收益（稀释后） | $-0.15 | $0.11 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ATECGTM
| Q4 25 | $212.9M | $319.1M | ||
| Q3 25 | $196.5M | $318.0M | ||
| Q2 25 | $185.5M | $306.7M | ||
| Q1 25 | $169.2M | $305.7M | ||
| Q4 24 | $176.8M | $309.1M | ||
| Q3 24 | $150.7M | $303.6M | ||
| Q2 24 | $145.6M | $291.5M | ||
| Q1 24 | $138.5M | $310.1M |
净利润ATECGTM
| Q4 25 | $-21.7M | $34.7M | ||
| Q3 25 | $-28.6M | $38.7M | ||
| Q2 25 | $-41.1M | $24.0M | ||
| Q1 25 | $-51.9M | $26.8M | ||
| Q4 24 | $-33.3M | $14.6M | ||
| Q3 24 | $-39.6M | $23.8M | ||
| Q2 24 | $-40.7M | $-24.4M | ||
| Q1 24 | $-48.5M | $15.1M |
毛利率ATECGTM
| Q4 25 | 70.2% | 84.0% | ||
| Q3 25 | 69.9% | 83.7% | ||
| Q2 25 | 69.6% | 83.9% | ||
| Q1 25 | 68.6% | 84.5% | ||
| Q4 24 | 68.8% | 82.8% | ||
| Q3 24 | 68.2% | 84.4% | ||
| Q2 24 | 70.5% | 84.3% | ||
| Q1 24 | 70.3% | 86.0% |
营业利润率ATECGTM
| Q4 25 | -4.1% | 17.0% | ||
| Q3 25 | -8.1% | 21.2% | ||
| Q2 25 | -7.1% | 17.5% | ||
| Q1 25 | -26.2% | 16.5% | ||
| Q4 24 | -13.5% | 10.0% | ||
| Q3 24 | -22.4% | 14.3% | ||
| Q2 24 | -24.3% | -6.9% | ||
| Q1 24 | -31.3% | 13.9% |
净利率ATECGTM
| Q4 25 | -10.2% | 10.9% | ||
| Q3 25 | -14.5% | 12.2% | ||
| Q2 25 | -22.2% | 7.8% | ||
| Q1 25 | -30.7% | 8.8% | ||
| Q4 24 | -18.9% | 4.7% | ||
| Q3 24 | -26.3% | 7.8% | ||
| Q2 24 | -27.9% | -8.4% | ||
| Q1 24 | -35.0% | 4.9% |
每股收益（稀释后）ATECGTM
| Q4 25 | $-0.15 | $0.11 | ||
| Q3 25 | $-0.19 | $0.12 | ||
| Q2 25 | $-0.27 | $0.07 | ||
| Q1 25 | $-0.35 | $0.08 | ||
| Q4 24 | $-0.22 | $0.04 | ||
| Q3 24 | $-0.28 | $0.07 | ||
| Q2 24 | $-0.29 | $-0.07 | ||
| Q1 24 | $-0.34 | $0.04 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $160.8M | $179.9M |
| 总债务越低越好 | $565.9M | $1.3B |
| 股东权益账面价值 | $12.4M | $1.5B |
| 总资产 | $791.2M | $6.4B |
| 负债/权益比越低杠杆越低 | 45.54× | 0.88× |
8季度趋势，按日历期对齐
现金及短期投资ATECGTM
| Q4 25 | $160.8M | $179.9M | ||
| Q3 25 | $155.7M | $135.0M | ||
| Q2 25 | $157.1M | $176.9M | ||
| Q1 25 | $153.2M | $140.5M | ||
| Q4 24 | $138.8M | $139.9M | ||
| Q3 24 | $81.0M | $147.7M | ||
| Q2 24 | $99.8M | $399.3M | ||
| Q1 24 | $144.1M | $440.2M |
总债务ATECGTM
| Q4 25 | $565.9M | $1.3B | ||
| Q3 25 | $559.7M | $1.3B | ||
| Q2 25 | $553.9M | $1.3B | ||
| Q1 25 | $548.4M | $1.2B | ||
| Q4 24 | $576.2M | $1.2B | ||
| Q3 24 | $527.7M | $1.2B | ||
| Q2 24 | $519.2M | $1.2B | ||
| Q1 24 | $514.4M | $1.2B |
股东权益ATECGTM
| Q4 25 | $12.4M | $1.5B | ||
| Q3 25 | $11.5M | $1.5B | ||
| Q2 25 | $23.8M | $1.6B | ||
| Q1 25 | $-85.9M | $1.6B | ||
| Q4 24 | $-14.2M | $1.7B | ||
| Q3 24 | $-1.4M | $1.7B | ||
| Q2 24 | $17.1M | $1.9B | ||
| Q1 24 | $37.6M | $2.0B |
总资产ATECGTM
| Q4 25 | $791.2M | $6.4B | ||
| Q3 25 | $787.2M | $6.4B | ||
| Q2 25 | $790.3M | $6.5B | ||
| Q1 25 | $785.5M | $6.4B | ||
| Q4 24 | $775.7M | $6.5B | ||
| Q3 24 | $745.9M | $6.4B | ||
| Q2 24 | $768.6M | $6.7B | ||
| Q1 24 | $774.6M | $6.8B |
负债/权益比ATECGTM
| Q4 25 | 45.54× | 0.88× | ||
| Q3 25 | 48.64× | 0.87× | ||
| Q2 25 | 23.30× | 0.85× | ||
| Q1 25 | — | 0.75× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | 30.34× | 0.66× | ||
| Q1 24 | 13.70× | 0.61× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $20.7M | $143.5M |
| 自由现金流经营现金流 - 资本支出 | $7.7M | $127.1M |
| 自由现金流率自由现金流/营收 | 3.6% | 39.8% |
| 资本支出强度资本支出/营收 | 6.1% | 5.1% |
| 现金转化率经营现金流/净利润 | — | 4.14× |
| 过去12个月自由现金流最近4个季度 | $2.8M | $389.3M |
8季度趋势，按日历期对齐
经营现金流ATECGTM
| Q4 25 | $20.7M | $143.5M | ||
| Q3 25 | $14.0M | $93.8M | ||
| Q2 25 | $15.5M | $108.9M | ||
| Q1 25 | $-5.0M | $119.2M | ||
| Q4 24 | $10.5M | $109.0M | ||
| Q3 24 | $-5.3M | $18.2M | ||
| Q2 24 | $-11.4M | $126.3M | ||
| Q1 24 | $-38.4M | $115.9M |
自由现金流ATECGTM
| Q4 25 | $7.7M | $127.1M | ||
| Q3 25 | $4.8M | $70.9M | ||
| Q2 25 | $5.2M | $86.9M | ||
| Q1 25 | $-15.0M | $104.4M | ||
| Q4 24 | $8.5M | $85.6M | ||
| Q3 24 | $-21.2M | $600.0K | ||
| Q2 24 | $-45.5M | $115.2M | ||
| Q1 24 | $-69.8M | $103.1M |
自由现金流率ATECGTM
| Q4 25 | 3.6% | 39.8% | ||
| Q3 25 | 2.4% | 22.3% | ||
| Q2 25 | 2.8% | 28.3% | ||
| Q1 25 | -8.9% | 34.2% | ||
| Q4 24 | 4.8% | 27.7% | ||
| Q3 24 | -14.1% | 0.2% | ||
| Q2 24 | -31.3% | 39.5% | ||
| Q1 24 | -50.4% | 33.2% |
资本支出强度ATECGTM
| Q4 25 | 6.1% | 5.1% | ||
| Q3 25 | 4.7% | 7.2% | ||
| Q2 25 | 5.6% | 7.2% | ||
| Q1 25 | 5.9% | 4.8% | ||
| Q4 24 | 1.1% | 7.6% | ||
| Q3 24 | 10.5% | 5.8% | ||
| Q2 24 | 23.4% | 3.8% | ||
| Q1 24 | 22.6% | 4.1% |
现金转化率ATECGTM
| Q4 25 | — | 4.14× | ||
| Q3 25 | — | 2.42× | ||
| Q2 25 | — | 4.54× | ||
| Q1 25 | — | 4.45× | ||
| Q4 24 | — | 7.47× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 7.68× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
